St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-24
On the Chicago Board of Trade the Mar
kets Opened With Weak
Tendency.
Wheat, However, Attracted Large
Share of Attention Throughout
the Day.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.

gins, have been IN distress Tor Inc past tnree
days. The jump in the price of wheat on
Wednesday startled them from their sense of
security and the continuation of the i'm
provement caused them increased anxiety.
FRIDAY they were served with more medicine
of the same kind. Three days of advancip~
or even pronouncedly firm me--,n1ers are
enough to alarm the little Fellows. The big
fish are not disturbed over such a condition
CT things. An advance of cents
has no horror for them, partic-
ularly when they are not deeply inter-
ested. What does it mean? Where did the
little boomlet start from? are the questions
most numerously asked on change these
days. The truth is stocks OF old spring wheat
are phenomenally small and there is good
demand Tor every bushel in sight. Foreigners
are unquestionably in the market for cash
and the future. An impression prevails i'll
certain usually well posted circles that the
boom was started and is being engineered by
'Jim'' Seymour and Cottren, of New York.
Both of these gentlemen play Ac profit very
hard, and if they did originate the campaign
they
CAUGHT THE BOYS ASLEEP
on as large line of wheat as the market in
its narrow state would admit of. By u
O'Clock October wheat advanced from 697Sc
and May from II to 7Slec, where the market
was strongly held. There was heavy buying
and for the first time in weeks the public is
taking an interest i'll the proceedings. The
market was exceedingly active. Ream and
several local operators were free sellers this
forenoon. They do not believe the improve
ment will mold. The market continued active
to the end of the session and closing prices
were about the best of the session
Corn was dull and ruled rather easier when
ii caught the overflow enthusiasm from the
wheat pit and moved up. October ranged
40s4@411sc, November 405S@4114c and May
44ss@ 445sc. Receipts are fully up to ex-
pectations, with demand that is hardly suf-
fcient to check accumulations. Oats were
more active, but the fluctuations in prices
were smaller. Provisions were quiet to the
verge of tameness. The table of price range
tells the story of the days changes. The
best prices were at the close. At the after
noon session there was sharp decline in
wheat owing to general desire to realize.
Corn declined fractionally, and provisions
sold lower. $50 p. IN. Prices: Wheat,
September, 69l2c; October zoe; December,
727s@73c; May, 7SIS@7SA. Corn, Septem-
Der, 4334c; October, 407sc: December, 4O34c;
May. 44ssc. Oats, September, 251sc: Octo-
Der. 21H@27$sc; May, 295s@ 2934c. Pork,
year, S11.S3; January. S12.1712. Lard, Sep
TENDER, S6.37I2; October, S637l2; Decem-
ber S6.32l2; May, 500. Short ribs, Sep
TENDER, SS.21l2: october, SS.27I2.
THE ROUTINE REPORT.
CHICAGO. Sept. 29.-The markets on change
Started to-day either steady and dull or with
weak tendency. The corn pit after the
first half hour was but thinly settled. The
operators in oats were few and scattered
while the large wheat pit was crowded to its
full capacity. The cables were such that
there was little room TO doubt that later in
the day the bulls would have things their
own way. Before noon there was an adj
vance and reaction in the wheat market, but
during most of the session the prices for
futures ranged within S4c. The feeling was
strong most of the session, due mainly to
outside influences especially the action of
foreign buyers, the recent rather heavy pur-
chases not having alone stimulated trading
but to certain extent changed the
sentiment of operators, and courted more
confidence among operators. There was
some foreign buying here and at the sea-
board, but not as large as during the preced-
lug days, the trading to-day being largely
local. The receipts of twelve points aggre-
gated 100000 blu. Export clearances were
small. October opened at zoe, sold at $3.50
T09sc, reacted on news of cholera at New
York and closed at zoe. December opened
at 73c, sold at 7334@7312c and closed at
727sc. Corn was dull and quiet to-day. with
trading light and the feeling easier There
was only light local inquiry and but little
demand from other sources. The opening
was at the closing prices of yesterday
and under very liberal offerings, a
prominent local operator selling freely
the market declined &c for nearer futures
and 1sc May. Receipts were considerably
more than expected. and estimates for to-
morrow 49, cars. The market ruled quiet
steady later in the session, due largely to the
irmness in wheat, which had strengthen
ing influence. At p, m. the decline had
been fully recovered, but before the final
close there was reaction, and the last prices
were the lowest of the day. October opened
at Ale. sold to 4O34c. the closing figure. May
opened at 44l2c. futtered between that and
44Ssc, closing at the inside. A brisk specula-
tive business was transacted early in oats.
but afterward the market returned to quiet
nde. The feeling was easier except for Oe-
lsc. OF May there were quite free offerings,
causing decline of lsc. October opened at
2514c, sold to 25$sc, closing at
25AQ3z5$5c; May began at 21&c,
Provisions reversed the course in which they
have been travelling for some days past, and
better feeling was developed. Trading was
not large and chiefly local. Prices for hogs
showed the supply of hogs to be ID per cent
less than last year. This Induced shorts to
cover freely, and the offerings of product be-
ing small, prices were bid up Toe on pork.
2l2c OH lard and sc ON January short ribs.
October ribs remaining steady. Pork sold at
S1212l2@l2.2 2l2 and closing at S12l712
january. Lard sold at S6.30@6 37I2 Octo-
Der. S6.35@6.40 January, both closed at out
side figures. Short ribs for October sold at
SS.25@S. 80. and closed at So 27I2 January
closed at S6.22l2. Mess beef was firmer and
Csc higher.
The leading futures ranged as follows:
Wheat-No. September, 69I2c, closing at
69l2c; October, zoe, closing at zoe; No
Der. 73c closing at 727Sc. Corn-No 9, Sep
tember 4034c, closing at 40s4c; October. 4Ic,
closing at 4O7sc; November, 41Isc, closing at
41c; May, 4412c. closing at 44ssc. Oats
No. September, closed at 25Isc: October.
ccIosedat 25Ac;, November, closed at 25a4c;
May, 295sc, closing at 29ssc. Mess pork,
per bbl-Year, S11.S0, closing at S11.S5;
January 81. 17l2, closing at S12.1712 Lard.
S6.37l2; October, Sc. 32I2 closing at ST. 37Ia;
November, S6.27l2, closing at SIS 32I2; Jan
uary, S6.37l2, closing at S6.4O. Short
ribs, per 100 lbs-September, S9.25, clos
S.: 27l2; January, s6.17lgg closing at s6.i7l2.
Cash quotations were as follows: Flour dull
and unchanged. 'Wheat-No. 2 spring, 6994
G6rnG No. s I@n.6 &C. No. 2 red re
2, roc. Flax seed-No. /, SG.0sl2. Tfmothv
seed-Prime, S2;36, Mess pork-Per bbi
$l5: LardlPer 100 lbs, S6.4o. Short ribs
boxed, ss6ogs.s5. Whisks@pisti n.ssf
finished goods per GAL ST. Sugars
graduated, 6I9c; Standard "a, 6lsc. Re
ceipts-Flour, $4,000 bbls; wheat $4,000
bu; corn, 2?7,0OO bu; oats, $4,000 bu:
rye, 1000 bu; barley, $4,000 bu. Shin,
ments-Flour, $4,000 bbls; wheat. 80. 600
bu; corn, 100000 bu; oats, $4,000 bu:
rye. l 900 pu; barley, 10000 blu. On the
produce exchange to-day, the butter mar
ket was steady: creamery, 1SM2315c; dairy.
14@2Oc. Eggs steady; fresh Northern, 16i5
017l2c.